Assessing Your Commercial Borrower’s Insurance Coverage
The Commercial Loan Documentation checklist typically lists “Evidence of Insurance”. Don’t check that off your list without making sure you have reviewed the Certificate of Insurance and assessed your borrower’s coverage. This fast-paced program will discuss the many different types of insurance coverage for commercial businesses including those which can be included in the general terms “comprehensive” and “general liability” as well as specialized types of coverage based on the business sector in which your borrower operates. Collateral protection insurance, including valuation of a loss claim, co-insurance requirements and contractual provisions addressing the lender’s right to proceeds will be covered. Issues such as deductibles and self-insurance will be discussed. The methods for obtaining and perfecting liens on insurance policies and insurance proceeds, including key person life insurance, will also be reviewed.
What You Will Learn
Reasons for Requiring Insurance
Governmental Insurance Requirements
Commercial Property Insurance: Claims and Common Exclusions
Deductibles
The Lender’s Security Interest in Policies and Proceeds
Claim of Lender as Lender’s Loss Payee or Co-Loss Payee
Co-Insurance Issues and Reductions
Green Insurance
Flood Insurance
Lease Insurance: Residual Value and Enhancement
Self-Insurance
Commercial General Liability (CGL): Coverage A, B and C
Business Interruption Insurance
Professional Liability Insurance
Errors and Omissions Policies
Coverage for Officers & Directors
Employment Practices Liability Insurance (EPLI)
Data Breach & Cyber Liability Insurance
Coverage for Business Autos
Examples of Optimum Coverage for Various Types of Commercial Businesses
Certificates of Insurance and Borrower Reporting Requirements
Key Person Life Insurance
Who Should Attend?
This program will benefit commercial loan officers, as well as compliance and loan documentation team members.
Presenter
Robin Russell has practiced law for 30 years and is licensed in Texas, New York and Massachusetts. She is a fellow in the American College of Bankruptcy and of the American Law Institute. She combines a depth of experience in bankruptcy restructuring and litigation with financial transactions. She has represented corporate debtors, independent directors, liquidating trustees, bondholders, unsecured creditors’ committees, bank groups, private equity funds, landlords, trade creditors and bidders for estate assets in Chapter 11 and Chapter 7 bankruptcy proceedings. She has also represented banks, institutional lenders and corporate borrowers in commercial loan transactions and debt restructurings.
Robin is the principal author of Thomson Reuters’ Texas Practice Guides for both Creditors’ Rights and Financial Transactions and the Texas Bankers Association’s Texas Secured Lending Guide, Texas Problem Loan Guide, Texas Real Estate Lending Guide and Texas Account Documentation Guide. She is a frequent speaker on banking, bankruptcy and financial restructuring related topics and has served as a Chapter 7 Trustee. Robin received her LL.M. in Banking Law from Boston University and her J.D. from Baylor University where she was Editor-in-Chief of the Baylor Law Review and the highest ranking graduate in her class. She clerked for the Texas Supreme Court before beginning her legal career.
For 27 years, Anthony Cole Training Group has been helping banks and other financial service organizations close their sales opportunity gap by helping them sell better, coach better and hire better. Our Mission: Grow People, Grow Organizations.
Registration Options
$279 Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts
Available Upgrades
12 Months OnDemand Playback $110
12 Months OnDemand Playback + Digital Download $140
Additional Live Access $85 per person
